Aon plc (NYSE:AON) Receives Average Recommendation of “Hold” from Analysts

Aon plc (NYSE:AON) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $359.19.

Several brokerages recently commented on AON. Piper Sandler upped their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, Bank of America upped their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in AON by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,358 shares of the financial services provider’s stock valued at $10,296,000 after acquiring an additional 1,770 shares in the last quarter. Choreo LLC acquired a new position in shares of AON in the first quarter valued at $216,000. Nordea Investment Management AB lifted its position in AON by 3.1% in the first quarter. Nordea Investment Management AB now owns 14,718 shares of the financial services provider’s stock worth $4,924,000 after purchasing an additional 442 shares during the period. Financial Counselors Inc. bought a new stake in AON in the 1st quarter valued at $242,000. Finally, Avidian Wealth Solutions LLC raised its stake in shares of AON by 3.1% in the 1st quarter. Avidian Wealth Solutions LLC now owns 1,458 shares of the financial services provider’s stock valued at $486,000 after buying an additional 44 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.1 %

Shares of AON stock opened at $383.78 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a 12-month low of $268.06 and a 12-month high of $389.21. The firm has a market capitalization of $83.00 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The stock’s fifty day moving average is $356.43 and its 200-day moving average is $321.70.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is currently 22.78%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.